This is a rumor from a pretty reliable source who has correctly predicted many past trades and free agent signings. Take it with a grain of salt, but it sounds pretty realistic and we all know the Rangers are more than willing to bring out the checkbook to bring big name stars to the Garden.
To the Rangers: Ilya Kovalchuk and potentially low round draft choices
To the Thrashers: Brandon Dubinsky, Michal Rozsival, Ryan McDonaugh OR Bobby Sanquinetti, Christopher Higgins, 2010 1st Round Draft Pick, 2011 1st Round Draft Pick, 2011 2nd Round Draft Pick.
Moves post-trade: Wade Redden is sent down to Hartford to make salary room.
Notes: Dishing off Rozsival and sending Redden down to the AHL will make room for Kovalchuk in the salary department. The Rangers have great depth at defense with their young players they already have and prospects they having coming up so the defense will be fine.
The only question will be at center since Dubinsky is/was supposed to be the #1 center. They do have Derek Stepan and Chris Kreider coming up who have both been very impressive at the World Juniors.
So they are basically giving up Dubinsky, Higgins, and some draft picks for Ilya Kovalchuk? Is it worth it?